Ur-Energy Inc. (NYSEAMERICAN:URG) is Segra Capital Management LLC’s 4th Largest Position

Segra Capital Management LLC lifted its stake in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 47.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,945,798 shares of the basic materials company’s stock after purchasing an additional 6,718,094 shares during the period. Ur-Energy comprises about 9.8% of Segra Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Segra Capital Management LLC owned 5.78% of Ur-Energy worth $25,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bridgewater Associates LP boosted its position in Ur-Energy by 8.0% in the 3rd quarter. Bridgewater Associates LP now owns 213,635 shares of the basic materials company’s stock valued at $254,000 after buying an additional 15,841 shares during the period. Xponance Inc. bought a new stake in shares of Ur-Energy during the second quarter valued at approximately $25,000. FMR LLC boosted its holdings in shares of Ur-Energy by 1,864.0% in the third quarter. FMR LLC now owns 29,519 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 28,016 shares during the period. Principal Financial Group Inc. bought a new position in Ur-Energy in the second quarter worth approximately $51,000. Finally, Tidal Investments LLC bought a new position in Ur-Energy in the first quarter worth approximately $65,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Insider Activity at Ur-Energy

In other news, CFO Roger L. Smith sold 228,119 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $1.20, for a total transaction of $273,742.80. Following the transaction, the chief financial officer now owns 613,061 shares in the company, valued at $735,673.20. This represents a 27.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary C. Huber sold 97,628 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $1.23, for a total transaction of $120,082.44. Following the completion of the transaction, the director now directly owns 404,869 shares of the company’s stock, valued at $497,988.87. The trade was a 19.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 605,480 shares of company stock valued at $726,708 over the last 90 days. Insiders own 3.29% of the company’s stock.

Ur-Energy Stock Down 4.0 %

Ur-Energy stock opened at $1.21 on Tuesday. The firm has a market cap of $440.56 million, a price-to-earnings ratio of -9.31 and a beta of 1.11. Ur-Energy Inc. has a twelve month low of $0.96 and a twelve month high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $6.40 million for the quarter, compared to analysts’ expectations of $9.67 million. Analysts anticipate that Ur-Energy Inc. will post -0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. B. Riley decreased their target price on Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. HC Wainwright decreased their price objective on Ur-Energy from $3.20 to $2.70 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, Roth Mkm reiterated a “buy” rating and set a $2.20 target price (up from $1.90) on shares of Ur-Energy in a report on Wednesday, October 23rd.

Ur-Energy Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.